Loudspeaker Market to Surge on back of Rising Demand for Soundbars, Surpassing US$ 1 Bn by 2022, Says Fact.MR

Posted on 2022-08-10 by Fact.MR in Internet & Online // 0 Comments

Dublin, Ireland, 2022-Aug-11 — /EPR Network/ —

250 Pages Loudspeaker Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Loudspeaker. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Loudspeaker Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Loudspeaker market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Loudspeaker

This newly published and insightful report sheds light on Market Insights of Loudspeaker, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Loudspeaker Market.

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Key Takeaways from the Market Study

Global loudspeaker market to reach US$ 3.4 Bn in value by 2022 end
By speaker type, soundbars are expected to surpass US$ 1 Bn in 2022
Sales of outdoor loudspeakers to contribute 3/5th of total market revenue
Loudspeakers for home entertainment systems applications to experience a CAGR of 4%
Germany to emerge as the dominant loudspeaker market, capturing 30% revenue
U.S to provide noteworthy growth opportunities to manufacturers, generating over 1/4th of total sales

“State-of-the-art innovation in speakers’ technology such as addition of blue tooth and wireless speakers for the purpose of entertainment and communication in corporate sector is likely to bolster demand of loudspeakers in forthcoming years.” comments a Fact.MR analyst.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

In November 2020, Israeli tech company, Noveto Systems, has developed a “futuristic audio technology” to enable listeners to enjoy solo wireless music – without headphones. The new technology, dubbed sound beaming, uses a 3-D sensing module from the speaker, locating and tracking the ear’s position to send audio via ultrasonic waves.
In Sept. 2019, Sonance, a leading loudspeaker manufacturer in the smart-home installation channel, has signed an agreement to acquire James Loudspeaker. The companies had agreed to operate as separate companies until then

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Loudspeaker market forecast analysis by Fact.MR

Key Segments Covered in the Loudspeaker Industry Analysis

Speaker Type
- Satellite Loudspeakers
- Subwoofer Loudspeakers
- Wall-mounted Loudspeakers
- Outdoor Loudspeakers
- Soundbars
- Multimedia Loudspeakers
- Other Loudspeaker Types
Application
- Loudspeakers for Communication
- Automotive Loudspeakers
- Loudspeakers for Home Entertainment
- Loudspeakers for Other Applications

Key Question answered in the survey of Loudspeaker market report:

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Growth of Loudspeaker Market
Market Analysis of Loudspeaker
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Market Survey of Loudspeaker

More Valuable Insights on Loudspeaker Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Loudspeaker, Sales and Demand of Loudspeaker, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Key Takeaways from the Market Study

Competitive Landscape

Key Segments Covered in the Loudspeaker Industry Analysis

Speaker Type

Application

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